Rulings
HC: Recognizes SIAC Tribunal’s award for damages, subject to RBI approval under FEMA
NCLT: Rejects homebuyers’ insolvency application for failure to meet requisite threshold under IBC
NCLT: Allows initiation of CIRP against Big FM Radio’s operator, Reliance Broadcast Network
NCLAT: Copy of order staying NCLT order initiating CIRP against Zee Entertainment
HC: Grants bail to co-accused arrested by SFIO in Educomp matter, absent ‘graver role’
NCLT: Allows IndusInd Bank’s plea seeking initiation of CIRP against Siti Networks
NCLAT: NCLT order rejecting plea to replace RP despite CoC’s approval, ‘not sustainable’
NCLT: Dismisses vehicle lessor’s plea seeking admission of its claim as ‘financial creditor’
NCLAT: Insolvency initiation application for recovery of interest ‘only’, not maintainable
NCLT: Allows RP’s plea seeking bailable warrant against suspended Board Members for non-cooperation
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